AI Takes Out a Swath of Software Developers

The layoffs represent one of the biggest ever... [Energy and Capital Header] Practical Investment Analysis for the New Energy Economy AI Takes Out a Swath of Software Developers Alex Koyfman | Jan 10, 2024 Dear Reader, To those of you who were worried that machines were going to replace you at your job, here’s a bit of news that might add some sweetness to the bitter outlook for the human workforce: Among AI’s first victims are workers in the tech sector — specifically, software development. Earlier this week, $8 billion education-tech platform proprietor Duolingo (NASDAQ: DUOL), announced that it had terminated 10% of its contractors due in large part to the growing role played by AI in the software development process. [duolingo] Duolingo, to those unfamiliar, creates and markets mobile app products that teach foreign languages. The layoffs represent one of the biggest ever software payroll downsizings due to increased AI integration, and though it may make some of us tech rubes snicker as if some sort of poetic justice had been administered, the reality may be even bleaker than previously imagined. If this trend in software development continues and AI’s destiny is left more and more to its own devices, the road forward will grow progressively more unpredictable. It’s precisely this effect that futurists and even industrialists who stand to profit unimagineably from this technological revolution, have been warning us about. The "Horseshoe Well" Is Set to Reshape the $4 Trillion Oil Industry A new drilling technique is sending shock waves through the American oil patch. The Journal of Petroleum Technology says this revolutionary method is "a design unlike anything most have seen in the shale sector before"... And it’s set to kick off a wave of profits that could make the fracking boom look like child’s play. [I’ve documented all of my findings here for you to check out.]( The Technological Singularity Might Already Be Here Letting AI take too big of a role in its own evolution is the equivalent of re-inventing the atomic bomb. Once it’s there, it will never go away. AI's course of growth referred to as the "technological singularity" has been the topic of endless discussion both inside and outside the fields of science and engineering. There are, of course, positive scenarios for the arrival of the anthropotechnic age. You may have seen them: Images of people and their intelligent, self-aware inventions living side by side, making life longer, safer and easier for all of humanity. [Of AI by AI] Something tells me few of us harbor realistic hopes that such a world will not be somehow corrupted, co-opted and ultimately sabotaged by the powers that be.  Now, for those who are still in their Terminator mindset and want to know who’s going to be the most responsible for the machine takeover once it happens, I’ve got an answer for you that may come as a surprise. It's Not Cyberdyne... But If Cyberdyne Was Real, It Would Almost Definitely Be A Client It’s not some Silicon Valley based giant or some globally-renown tech brand like Google or Facebook... The company I believe is most responsible for the evolution of AI in all of its expressions is relatively unknown and based thousands of miles from the San Francisco Bay area. Its job is to create AI training algorithms — the software which teaches AI how to think — and its client list includes all of the usual suspects when it comes to modern consumer technology. Unknown Stock Set to Potentially Hand Investors up to 2,050% Gains as AI Takes Over Everything A tiny AI company headquartered 3,000 miles from Silicon Valley is secretly preparing to release “the innovation of our lifetimes.” The company has been creating AI solutions for three decades, so it has a massive head start on its competitors. Now it’s partnering with the world’s largest tech firms — like Google, Apple and Microsoft — to launch the next phase of the AI revolution. The company’s shares are painfully undervalued because no one knows about it. With the new Big Tech partnerships, that could change at any moment — and shares could soar 20x. [Get the full story here.]( Though NDAs prevent the publication of specific names, at least 4 of the 5 major tech brands (Alphabet, Meta, Amazon, Microsoft and Apple) are on this company’s client list. Simply put, they build the tools that others use to build today’s and tomorrow’s AI products, and they do it with a valuation under a quarter billion dollars — a pittance by Silicon Valley standards. In the last year, share prices have rocketed from under $4 to over $15, then plummeted with the collapse of the bubble. Post Bubble Rationality Has Arrived Today, the post bubble growth period for AI has begun in earnest. There's no more hype. No more emotional, crypto-level speculation. Just steady growth for the next couple decades, unless, of course, the machines take over. [Want to learn more about this "foundational" AI play?]( It’s not on the tips of too many tongues on Wall Street yet, but I can tell you for certain that it’s on the minds of managers at today’s most powerful technology companies. As an investor, that’s all that should matter to you. Get all the information you need to start your due diligence. Access my presentation,[right here.]( Fortune favors the bold, [alex koyfman Signature] Alex Koyfman [[follow basic]Check us out on YouTube!]( His flagship service, Microcap Insider, provides market-beating insights into some of the fastest moving, highest profit-potential companies available for public trading on the U.S. and Canadian exchanges. With more than 5 years of track record to back it up, Microcap Insider is the choice for the growth-minded investor. Alex contributes his thoughts and insights regularly to [Energy and Capital](. To learn more about Alex, [click here](. [Fb]( [Li]( [Tw]( This email was sent to {EMAIL}. You can manage your subscription and get our privacy policy [here](. Energy and Capital, Copyright © 3 East Read Street, Baltimore, MD 21202. Please note: It is not our intention to send email to anyone who doesn't want it. If you're not sure why you're getting this e-letter, or no longer wish to receive it, get more info [here]( including our privacy policy and information on how to manage your subscription. If you are interested in our other publications, please call our customer service team at [1-877-303-4529](tel:/18773034529).